4//SEC Filing
SALKINI JAY J 4
Accession 0001181431-04-061307
CIK 0000944163other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 4:41 PM ET
Size
13.9 KB
Accession
0001181431-04-061307
Insider Transaction Report
Form 4
SALKINI JAY J
Director10% Owner
Transactions
- Sale
Common Stock, par value $0.001
2004-12-29$115945.00/sh−35,000$4,058,075,000→ 3,874,021 total(indirect: TECORE, Inc.) - Sale
Common Stock, par value $0.001
2004-12-30$70000.00/sh−25,000$1,750,000,000→ 3,849,021 total(indirect: TECORE, Inc.) - Conversion
$12,000,000 Seniro Secured Convertible Note Dated 08-13-03
2004-12-28$1000000.00/sh−1$1,000,000→ 1 total(indirect: TECORE, Inc.)Exercise: $1.05Exp: 2007-08-13→ Common Stock (955,344 underlying) - Conversion
Common Stock, par value $0.001
2004-12-28$1000000.00/sh+955,344$955,344,000,000→ 3,909,021 total(indirect: TECORE, Inc.)
Holdings
- 9,250
Common Stock, par value $0.001
- 1(indirect: TECORE, Inc.)
$12,000,000 Seniro Secured Convertible Note Dated 08-13-03
Exercise: $1.05Exp: 2007-08-13→ Common Stock (5,813,832 underlying)
Footnotes (6)
- [F1]On December 28, 2004, the reporting person notified the Issuer of its wish to convert $1,000,000 of the Accured Interest on the Principal Amount of the Note, pursuant to the terms of the Note.
- [F2]The reporting person is a controlling shareholder and director of TECORE, Inc. and disclaims beneficial ownership of the securities held by TECORE, Inc. except to the extent of his pecuniary interest therein.
- [F3]The conversion price for the Note is subject to adjustment for certain dilutive issuances and the exercise of certain warrants, options and convertible securities.
- [F4]Anytime.
- [F5]Includes shares that may be acquired upon conversion, at the current conversion price, of (1) the remaining Principal Balance of the Note and (ii) the remaining interest accrued as of December 28, 2004, all of which may be converted into additional shares of Common Stock at the current conversion price. Additional shares may be acquired upon conversion of interest that will accrue in the future at 12% per annum on the principal paid for the Note.
- [F6]Shares sold under a non-discretionary Rule 10b5-1 plan, previously approved by Issuer under its Insider Trading Policy.
Issuer
AIRNET COMMUNICATIONS CORP
CIK 0000944163
Entity typeother
Related Parties
1- filerCIK 0001258628
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 4:41 PM ET
- Size
- 13.9 KB